MAC614

Jackson Hewitt: Is There Value in the Current Stock Price?

JTX - Not all doom and gloom. Yes, banks are in the driver's seat and will continue to hold the industry hostage. Block's deal with HSBC is done in a year and then everyone is on the same playing field. JTX however has very little presence in any other than the low income markets. Look for a swing into the mid and second season toward those burnt by online products or lack of knowing how to operate them as well as Block's high retail pricing model. Look also for an improved group of franchisees under Buckley and a "unified" franchisee association.